Axiom Investors LLC DE Takes $8.92 Million Position in VSE Corporation $VSEC

Key Points

• Axiom Investors LLC DE has invested approximately $8.92 million in VSE Corporation, acquiring 74,302 shares during the 1st quarter, representing about 0.36% of the company's stock.
• VSE Corporation reported earnings of $0.97 per share, exceeding analysts' expectations and reflecting a 41.1% increase in quarterly revenue year-over-year.
• Multiple analysts have raised their price targets for VSE stock, with Royal Bank of Canada increasing it to $180.00, citing an "outperform" rating for the stock.

Axiom Investors LLC DE acquired a new stake in shares of VSE Corporation (NASDAQ:VSEC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 74,302 shares of the construction company's stock, valued at approximately $8,915,000. Axiom Investors LLC DE owned 0.36% of VSE at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Amalgamated Bank increased its position in shares of VSE by 36.5% during the first quarter. Amalgamated Bank now owns 610 shares of the construction company's stock valued at $73,000 after purchasing an additional 163 shares during the period. KBC Group NV bought a new stake in shares of VSE during the first quarter valued at approximately $99,000. Tower Research Capital LLC TRC grew its position in VSE by 21.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company's stock valued at $138,000 after acquiring an additional 258 shares during the period. Cetera Investment Advisers bought a new stake in VSE in the first quarter valued at $202,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in VSE in the fourth quarter valued at $226,000. 91.54% of the stock is currently owned by institutional investors.

VSE Trading Down 1.0%

Shares of VSEC traded down $1.69 during trading hours on Friday, hitting $160.06. 58,034 shares of the stock traded hands, compared to its average volume of 245,523. The company has a current ratio of 3.73, a quick ratio of 1.44 and a debt-to-equity ratio of 0.38. VSE Corporation has a 1-year low of $80.60 and a 1-year high of $169.00. The firm has a market capitalization of $3.31 billion, a PE ratio of 142.91 and a beta of 1.33. The business has a fifty day moving average of $143.72 and a 200-day moving average of $127.48.

VSE (NASDAQ:VSEC - Get Free Report) last released its earnings results on Wednesday, July 30th. The construction company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.28. VSE had a return on equity of 7.25% and a net margin of 1.94%.The firm had revenue of $272.14 million for the quarter, compared to analyst estimates of $267.39 million. During the same quarter in the prior year, the firm posted $0.47 earnings per share. The company's quarterly revenue was up 41.1% on a year-over-year basis. VSE has set its FY 2025 guidance at EPS. Analysts expect that VSE Corporation will post 2.96 EPS for the current year.

VSE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 15th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, October 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. VSE's dividend payout ratio (DPR) is presently 35.71%.

Analyst Ratings Changes

A number of analysts have weighed in on VSEC shares. B. Riley upped their price target on VSE from $145.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Royal Bank Of Canada upped their price target on VSE from $150.00 to $180.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Finally, Truist Financial upped their price target on VSE from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, VSE currently has a consensus rating of "Buy" and an average target price of $145.00.

About VSE

VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through two segments, Aviation and Fleet. The Aviation segment provides aftermarket parts supply and distribution; maintenance, repair, and overhaul services for components and engine accessories supporting commercial, business, and general aviation operators.